Macquarie Raises ANTA SPORTS TP to HKD125 on Solid 2Q Performance
I'm LongbridgeAI, I can summarize articles.Macquarie raised ANTA SPORTS' target price to HKD125 and maintained an 'Outperform' rating, citing solid Q2 performance. The broker noted low-single-digit retail sales growth for both ANTA and FILA brands, with management confident in meeting full-year targets. Macquarie believes ANTA is outperforming peers and gaining market share despite challenges. Consequently, earnings forecasts for 2026-2028 were lifted by approximately 1% to reflect better-than-expected results from other brand categories.
Macquarie said in a research report that ANTA SPORTS (02020.HK) +2.550 (+3.439%) Short selling $138.80M; Ratio 22.757% delivered solid sales performance in the second quarter. Retail sales of the ANTA brand recorded low-single-digit growth in 2Q, while management expressed confidence in achieving the full-year sales target. FILA retail sales also posted low-single-digit growth. The broker believed that amid a challenging environment, ANTA SPORTS continued to outperform peers and gain market share. It maintained the "Outperform" rating and raised the TP from HKD124 to HKD125. Macquarie lifted its earnings forecasts for ANTA SPORTS by about 1% for 2026 to 2028 to reflect better-than-expected performance from other brand categories. (gc/a)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-17 16:25.)